Doyle Wealth Management decreased its stake in shares of Goldman Sachs Group Inc (NYSE:GS) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 89,829 shares of the investment management company’s stock after selling 1,857 shares during the quarter. Goldman Sachs Group accounts for about 2.6% of Doyle Wealth Management’s investment portfolio, making the stock its 8th biggest position. Doyle Wealth Management’s holdings in Goldman Sachs Group were worth $18,615,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in GS. Cacti Asset Management LLC raised its holdings in Goldman Sachs Group by 1.3% during the 2nd quarter. Cacti Asset Management LLC now owns 206,664 shares of the investment management company’s stock worth $42,366,000 after purchasing an additional 2,750 shares during the last quarter. First Financial Bank Trust Division boosted its position in Goldman Sachs Group by 2.5% during the 2nd quarter. First Financial Bank Trust Division now owns 18,419 shares of the investment management company’s stock worth $3,769,000 after acquiring an additional 453 shares during the last quarter. Baystate Wealth Management LLC boosted its position in Goldman Sachs Group by 33.6% during the 2nd quarter. Baystate Wealth Management LLC now owns 398 shares of the investment management company’s stock worth $83,000 after acquiring an additional 100 shares during the last quarter. Fulton Bank N.A. grew its stake in shares of Goldman Sachs Group by 18.4% during the 2nd quarter. Fulton Bank N.A. now owns 7,828 shares of the investment management company’s stock worth $1,602,000 after acquiring an additional 1,217 shares in the last quarter. Finally, WINTON GROUP Ltd raised its holdings in shares of Goldman Sachs Group by 34.8% in the second quarter. WINTON GROUP Ltd now owns 62,494 shares of the investment management company’s stock valued at $12,786,000 after purchasing an additional 16,138 shares during the last quarter. 69.55% of the stock is owned by institutional investors and hedge funds.
A number of analysts have recently commented on GS shares. Oppenheimer cut their price objective on shares of Goldman Sachs Group from $316.00 to $301.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 16th. Odeon Capital Group lowered shares of Goldman Sachs Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 5th. ValuEngine cut shares of Goldman Sachs Group from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Morgan Stanley restated an “equal weight” rating and issued a $250.00 price objective (up previously from $244.00) on shares of Goldman Sachs Group in a report on Monday, November 18th. Finally, TheStreet raised Goldman Sachs Group from a “c+” rating to a “b” rating in a research report on Tuesday, August 6th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. Goldman Sachs Group currently has a consensus rating of “Hold” and a consensus price target of $245.42.
Shares of Goldman Sachs Group stock traded down $5.40 during trading on Tuesday, hitting $212.24. 3,222,317 shares of the stock were exchanged, compared to its average volume of 2,614,799. The company has a fifty day moving average price of $216.73 and a 200-day moving average price of $206.76. The stock has a market capitalization of $75.38 billion, a price-to-earnings ratio of 8.40, a price-to-earnings-growth ratio of 0.85 and a beta of 1.36. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 2.68. Goldman Sachs Group Inc has a 1-year low of $151.70 and a 1-year high of $224.77.
Goldman Sachs Group (NYSE:GS) last released its quarterly earnings data on Tuesday, October 15th. The investment management company reported $4.79 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $5.03 by ($0.24). Goldman Sachs Group had a net margin of 18.86% and a return on equity of 11.41%. The business had revenue of $8.32 billion during the quarter, compared to analyst estimates of $8.33 billion. During the same period in the previous year, the business earned $6.28 earnings per share. The business’s quarterly revenue was down 3.8% on a year-over-year basis. Equities research analysts forecast that Goldman Sachs Group Inc will post 21.59 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 2nd will be given a dividend of $1.25 per share. The ex-dividend date is Friday, November 29th. This represents a $5.00 dividend on an annualized basis and a yield of 2.36%. Goldman Sachs Group’s dividend payout ratio (DPR) is 19.79%.
About Goldman Sachs Group
The Goldman Sachs Group, Inc operates as an investment banking, securities, and investment management company worldwide. It operates in four segments: Investment Banking, Institutional Client Services, Investing & Lending, and Investment Management. The Investment Banking segment provides financial advisory services, including strategic advisory assignments related to mergers and acquisitions, divestitures, corporate defense activities, restructurings, spin-offs, and risk management; and underwriting services, such as debt and equity underwriting of public offerings and private placements of various securities and other financial instruments, as well as derivative transactions with public and private sector clients.
Featured Article: Analyzing a company’s cash flow statement
Receive News & Ratings for Goldman Sachs Group Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Goldman Sachs Group and related companies with MarketBeat.com’s FREE daily email newsletter.